On Tuesday, Canadian Solar Inc (NASDAQ: CSIQ) was -2.40% drop from the session before settling in for the closing price of $9.18. A 52-week range for CSIQ has been $6.57 – $21.05.
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A company in the Technology sector has jumped its sales by 16.52% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -221.75%. With a float of $45.20 million, this company’s outstanding shares have now reached $66.95 million.
In an organization with 17113 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 16.67%, operating margin of -0.73%, and the pretax margin is -1.37%.
Canadian Solar Inc (CSIQ) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Canadian Solar Inc stocks. The insider ownership of Canadian Solar Inc is 31.70%, while institutional ownership is 44.26%. The most recent insider transaction that took place on Dec 16 ’24, was worth 36,522. Before that another transaction happened on Sep 11 ’24, when Company’s Director proposed sale 3,687 for $12.37, making the entire transaction worth $45,608.
Canadian Solar Inc (CSIQ) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -221.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 86.93% during the next five years compared to -28.41% drop over the previous five years of trading.
Canadian Solar Inc (NASDAQ: CSIQ) Trading Performance Indicators
You can see what Canadian Solar Inc (CSIQ) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.49, a number that is poised to hit -1.16 in the next quarter and is forecasted to reach 1.99 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Let’s dig in a bit further. During the last 5-days, its volume was 1.57 million. That was inferior than the volume of 2.02 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 43.34%. Additionally, its Average True Range was 0.82.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 33.71%, which indicates a significant decrease from 46.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 127.26% in the past 14 days, which was higher than the 84.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.18, while its 200-day Moving Average is $11.98. However, in the short run, Canadian Solar Inc’s stock first resistance to watch stands at $9.36. Second resistance stands at $9.76. The third major resistance level sits at $9.97. If the price goes on to break the first support level at $8.75, it is likely to go to the next support level at $8.54. Assuming the price breaks the second support level, the third support level stands at $8.14.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
There are 66,159K outstanding shares of the company, which has a market capitalization of 592.93 million. As of now, sales total 5,993 M while income totals 36,050 K. Its latest quarter income was 1,521 M while its last quarter net income were 33,900 K.
